Tidal Investments LLC Has $9.70 Million Stake in Canopy Growth Co. (NASDAQ:CGC)

Tidal Investments LLC trimmed its position in Canopy Growth Co. (NASDAQ:CGC) by 6.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,012,214 shares of the company’s stock after selling 139,472 shares during the quarter. Tidal Investments LLC owned 1.68% of Canopy Growth worth $9,699,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Geode Capital Management LLC acquired a new position in shares of Canopy Growth in the third quarter valued at $1,882,000. Headlands Technologies LLC raised its stake in Canopy Growth by 36,747.5% during the second quarter. Headlands Technologies LLC now owns 117,912 shares of the company’s stock worth $761,000 after acquiring an additional 117,592 shares in the last quarter. Squarepoint Ops LLC raised its stake in Canopy Growth by 168.6% during the second quarter. Squarepoint Ops LLC now owns 91,227 shares of the company’s stock worth $588,000 after acquiring an additional 57,262 shares in the last quarter. TD Asset Management Inc raised its stake in Canopy Growth by 16.1% during the second quarter. TD Asset Management Inc now owns 74,758 shares of the company’s stock worth $483,000 after acquiring an additional 10,376 shares in the last quarter. Finally, AdvisorShares Investments LLC raised its stake in Canopy Growth by 86.7% during the second quarter. AdvisorShares Investments LLC now owns 68,922 shares of the company’s stock worth $440,000 after acquiring an additional 32,000 shares in the last quarter. 3.33% of the stock is currently owned by institutional investors and hedge funds.

Canopy Growth Price Performance

Canopy Growth stock opened at $3.16 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.82. The stock has a fifty day moving average price of $4.20 and a two-hundred day moving average price of $5.62. Canopy Growth Co. has a 52-week low of $2.76 and a 52-week high of $14.92.

About Canopy Growth

Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in the United States, Canada, Germany, and internationally. It operates through Canada Cannabis, International Markets Cannabis, and Storz & Bickel segments.